Category: Other
Data science enthusiasts gather for 4th Colombo big data meetup
The fourth session of the Colombo Big Data Meetup was held at VirtusaPolaris recently, where industry professionals discussed the latest findings in Big Data tools and technologies. Samudra Kanankearachchi, Software Architect/Data Science Specialist 99X Technology, presented on the topic, “Forecasting Seasonal Effects in Business Data (Time Series Modeling) Using Microsoft Azure Machine Learning Studio”. He […]
CCC releases note to help businesses adjust to trade liberalisation
The Ceylon Chamber of Commerce today released a document containing recommendations on helping Sri Lanka’s industries prepare for trade liberalization. The policy brief titled, ‘Building Resilience, Supporting Growth: Preparing the Domestic Private Sector for Trade Liberalization’, provides insights on how to consider the types of firms, as well as types of impacts, in a wide-ranging […]
DFCC partners with AIA to offer new Bancassurance solutions
DFCC Bank recently entered into an exclusive long-term Bancassurance partnership with renowned insurance service provider, AIA. The partnership will offer all of DFCC’s customers, access to a range of innovative savings options, insurance policies and services. Customers will also be able to gain from AIA’s wealth of experience and expertise in providing state-of-the-art insurance solutions […]
‘s NITF gets reinsurance cover for agriculture
Feb 17, 2017 (LBO) – Sri Lanka’s National Insurance Trust Fund says they have procured a reinsurance program for its agriculture insurance schemes. “This reinsurance programme will provide support to agricultural insurance schemes funded by NITF including the recently launched National Agricultural Loan Protection Scheme,” NITF said in a statement. “The cover has been arranged […]
Softlogic Holdings turnover crosses Rs. 45 Bn, up 9.9-pct
Earnings Review – Group’s cumulative turnover crossed Rs. 45 Bn (up 9.9%) for period ending 31 December 2016 while the quarterly revenue improved marginally to Rs. 15.7 Bn. This slow growth was primarily due to the Group’s substantial downsizing of ‘Nokia’ operations. – Consolidated Gross Profit increased to Rs. 4.7 Bn during the second quarter […]
Piramal Glass Ceylon turnover crosses Rs5bn in 9 months to Dec
For the nine months ended 31st Dec,2016 the overall turnover crossed Rs.5 Bn mark. The total Turnover showed a growth of 6% from Rs 4,817 Mn to Rs 5,108 Mn. This was contributed by 7% growth in domestic sales from Rs 3,888 Mn to Rs 4,149 Mn & 3% increase in export sales of Rs […]
How new visa changes can influence Sri Lanka’s real estate market
Five years ago, Sri Lanka’s government imposed stricter rules on visa requirements. This happened as part of an on-going process to improve administrative procedures following the end of the war in 2009. Since the new visa laws were proposed, a new government has come into power. What impact do the new visa requirements and this […]
Australia and Sri Lanka joint statement on bilateral cooperation
JOINT STATEMENT BY THE PRIME MINISTERS OF AUSTRALIA AND SRI LANKA 1. Hon. Ranil Wickremesinghe, Prime Minister of the Democratic Socialist Republic of Sri Lanka paid an official visit to Australia from 13 -17 February 2017 at the invitation of Hon. Malcolm Turnbull, Prime Minister of Australia, accompanied by Hon. Wijith Wijayamuni Zoysa, Minister of […]
Indonesia donates 5,000MT of rice to Sri Lanka
Feb 15, 2017 (LBO) The Indonesian government will donate 5,000 metric tonnes of rice to Sri Lanka following a request of President Maithripala Sirisena through the local ambassador in Jakarta. The consignments to be shipped in a few days are expected to arrive in Colombo in March, the Sri Lankan Foreign Ministry said in a statement. […]
New Zealand Aid Programme announces Commonwealth Scholarships for Sri Lanka
(PRESS RELEASE) – The New Zealand Government has announced its fresh round of Commonwealth Scholarships for Sri Lankan students who wish to commence programmes of study at New Zealand academic institutions in 2018. The application process opens on February 15 and closes on March 30. “New Zealand and Sri Lanka share an important and growing relationship, which is built […]
Sri Lanka assumes Chair of Asia-Pacific Group at United Nations in Vienna
(PRESS RELEASE) – H. E. Ambassador Priyanee Wijesekera assumed the Chairmanship of the Asia-Pacific Group at United Nations in Vienna from Philippine. In this honourable role, Sri Lanka is coordinating communication and organization of meetings between the 54 members of Asia-Pacific Group and the United Nations Organizations in Vienna. Furthermore, H. E. Ambassador Priyanee Wijesekera […]
Hayleys 3Q16 profits grow by 8-pct to Rs.1.1Bn
(PRESS RELEASE) – Sri Lankan conglomerate Hayleys PLC’s profits after tax rose by 8% Year-on-Year (YoY) to reach Rs. 1.1 billion during the quarter ended 31st December 2016 (3Q16). Revenue during the quarter increased by a sharp 27% YoY up to Rs. 30 billion buoyed by strong performances across in the Group’s Agriculture, Construction Materials […]